Suppose you are managing the production team for a large toy company that produces high quality figurines. There are two new toys that your company is considering for production – one is a regular version of an action figure, and the other is a collectible version that is much more detailed in its construction. The time it takes to produce a regular action figure is 20 person-minutes, while a collectible action figure requires 100 person-minutes. A regular action figure requires 40 grams of plastic, while a collectible action figure requires 60 grams. A total of 8000 person-minutes and 9000 grams of plastic are available each week. If you obtain a profit of $15 for each regular action figure, and $65 for each collectible action figure, how many of each product should be made each week in order to maximize profit? Keep in mind that your boss requires that at least 25 regular action figures and 30 collectible action figures be produced each week. To answer this question, follow the steps below:
(a)Organize the above information using a mixture chart. Be sure to include the minimums!
(b) Write down the resource constraint inequalities and the minimum inequalities
(c) TRUE or FALSE: Producing 100 regular action figures and 70 collectible action figures is a feasible production policy.
(d) TRUE or FALSE: Producing 20 regular action figures and 60 collectible action figures is a feasible production policy.
(e) Write down a formula for the profit obtained by producing x regular action figures and y collectible action figures.
(f ) Graph the feasible region for this mixture problem on the axes below. Be sure to clearly label all the corner points of the feasible region! Show your work!
(g) Use the Corner Point Principle to determine the optimal production policy, and calculate the maximum possible profit. Show your work!
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
Whichever your reason may is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Our essay writers are graduates with diplomas, bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college diploma. When assigning your order, we match the paper subject with the area of specialization of the writer.
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
PLACE THIS ORDER OR A SIMILAR ORDER WITH NERDY ASSIGNMENT HELP TODAY AND GET AN AMAZING DISCOUNT